method, a 1 % increase in patent per employee brings together a 0.245 % increase in TFP. The second analysis validates this … result as it suggests patent per employee growth Granger causes TFP to grow, while the inverse is not true. Furthermore, 0 ….35 % of the variance in the forecast error of TFP changes is explained by a unit shock in patent per employee growth …

Frontmatter -- Preface -- Contents -- The setting of the problem -- Patent statistics -- The role of intellectual … stimuli -- The use of important inventions as a cause of further inventions -- Productivity advance: A Case of supply and …